SUSSEX COUNTY CHAMBER OF COMMERCE … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

TAMMIE A HORSFIELD

Phone

9735791811

Tax Period

2024-01-01 to 2024-12-31

SUSSEX COUNTY CHAMBER OF COMMERCE INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $691K in total revenue in fiscal year 2024.

Mission

TO PROMOTE BUSINESS GROWTH IN THE SUSSEX COUNTY AREA OF NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $491,538 Revenue: $278,414

TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS, TO PROMOTE BUSINESS COMMUNITY GROWTH AND EXPANSION, AND TO PROMOTE PROGRAMS OF A CIVIC, SOCIAL, AND CULTURAL NATURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $394,370

Program Service Revenue $208,509

Investment Income $11,017

Other Revenue $76,705

TOTAL REVENUE $690,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,440

Fundraising Expenses $84,151

Program Expenses $491,538

Other Expenses $421,849

TOTAL EXPENSES $690,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,601	$715,595	0.0%
Expenses	$690,289	$703,321	0.0%
Net Income	$312	$12,274	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

110

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$167,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE LACOUTURE	CHAIRWOMAN	2.00	Officer Director	$0	$0	$0
MIKE RICHARDS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEENA SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
PERRY BONADIES	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS RYAN	PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN DRAKE	TRUSTEE	2.00	Director	$0	$0	$0
JACKIE ESPINOZA	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN FLYNN	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT BOYLE	TRUSTEE	2.00	Director	$0	$0	$0
STAN KULA	TRUSTEE	2.00	Director	$0	$0	$0
STUART WAGNER	TRUSTEE	2.00	Director	$0	$0	$0
TAMMIE A HORSFIELD	PRESIDENT	40.00	Officer	$161,739	$5,665	$167,404

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$690,601	$690,289	$589,946	$312
2023	$715,595	$703,321	$602,104	$12,274
2022	$628,044	$595,687	$604,404	$32,357
2021	$595,074	$549,378	$550,950	$45,696
2020	$392,105	$462,857	$569,911	$-70,752
2019	$573,240	$571,298	$579,780	$1,942
2018	$543,557	$600,422	$592,140	$-56,865

SUSSEX COUNTY CHAMBER OF COMMERCE INC